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How AI is changing the valuations process

Housing Wire

HousingWire recently spoke to Chris McLain, division president of Valuations for Consolidated Analytics , about the current appraisals market, AI innovation in valuations and valuation products for HELOCs and second-lien mortgages. HW: With higher rates, the market for home equity lending continues to grow.

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Figure hires banks for lending arm IPO: Bloomberg

Housing Wire

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. However, the report states there’s no final decision on the timing and valuation. for the IPO.

Lending 454
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How hybrid title and valuations help increase lending efficiency

Housing Wire

Historically low interest rates in 2020 led to an all-time high in mortgage lending for new loans, but with forbearance moratorium deadlines being extended, some lenders are getting nervous. HW: How can integrating title and valuation data points alleviate those pain points? That’s why we offer our HomeVal hybrid solution.

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The Coronavirus Home Valuation Test

Appraisal Buzz

Without accurate collateral valuation, lenders could not properly underwrite new loans. The appraiser’s standard is still a valuation that is believable, regardless of whether they get access to the interior of the property or not. Home Equity lending is another case in point. The industry was on the cusp of a serious crisis.

Valuation 367
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Tomo raises $40M Series A, hits $640M valuation

Housing Wire

The fundraise more than doubles Tomo’s valuation to $640 million. It included participation from existing investors Ribbit Capital , NFX and Zigg Capital. New investors Telesoft Partners and proptech VC Parker89 also participated in the round, which brings Tomo’s total funding raised to date to $110 million.

Valuation 396
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Simplify complex lending processes with powerful analytics

Housing Wire

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire. Added Value to Clients.

Lending 436
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Better.com snags $200 million in series D funding for $4 billion valuation

Housing Wire

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. The post Better.com snags $200 million in series D funding for $4 billion valuation appeared first on HousingWire.

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